A well established Off Licence, Confectioner & Tobacconist in a prime central location in Newcastle upon Tyne city centre.
Situated just off Westgate Road, there is good passing trade from local workers, commuters, students and tourists. A catchment zone for Newcastle central station, university & “Centre for Life” along with many local bars and eateries. Business has a 24 hour premises licence but currently operates between 11 am-11 pm. The nearest competitor closes earlier. Option to introduce Lottery, PayPoint, E-Lighters, Newspapers & Magazines to increase footfall.
Shop currently operating on a gross profit of around 30%. Higher priced on all goods due to its location. Cigarettes making around 10-12% margin.
Shop’s fixtures and fittings of approx £20k this includes 2 x 2m drinks chillers and a 1m freezer. Shop is fitted to a high standard with new shelving, CCTV, EPOS till system included. Stockroom area downstairs is the same size as the trading area.
The business is currently fully staff run. The reason for sale is the owner is selling due to other commitments.
Weekly Sales: £5,500
Business Council Rates: Zero Rateable
Fixtures & Fittings Value: £20,000
Accounts Available: 2 Years
Gross Profit Margin: 30 %
The premises has a 24 hour alcohol licence
Employees: 3 part time non-contracted Staff
Stock Value Estimated: £12,000
Retail Area 24.6 m² (265 ft²)
Storerooms Total 25.8 m² (278 ft²)
• Prime City Centre Location
• Profitable Business around 30% GP
• Well Fitted & Merchandised Trading Area
• Established for over 100 years
• Opportunity to increase sales
Monday – Saturday 11 am – 11 pmSunday 11 am – 10:30 pm
Number of employees:
3 part time non-contracted Staff
Located in the heart of Newcastle upon Tyne city centre surrounded by hotels, hostels, bars, restaurants and with close proximity to the “Centre for Life”, the university and Newcastle central train station nearby.
23 years remaining on the lease